BKM Capital Partners Acquires 1.2 Million SF of Southwest Light Industrial Assets for $254 Million
Two Separate Transactions Involve Six Small-Bay Properties in Phoenix & Las Vegas
Newport Beach, CA – March 18, 2025 – BKM Capital Partners (BKM), a vertically integrated institutional fund manager specializing in value-add light industrial properties, has added six properties to its Southwest portfolio in two transactions collectively worth more than $254 million.
“Opportunities to acquire industrial portfolios of this scale and quality are rare, especially in supply-constrained markets like Phoenix and Las Vegas,” said Brett Turner, BKM’s Senior Managing Director of Acquisitions & Dispositions.
“Phoenix and Las Vegas are experiencing unprecedented demand for infill industrial properties, driven by population growth, expanding e-commerce, and a lack of new small-bay supply,” Turner added. “These assets not only align with our strategy but also reinforce our ability to capitalize on market trends and deliver exceptional results for our investors.”
The portfolio totals more than 1.2 million square feet of highly functional multi-tenant space in the Las Vegas and Phoenix metropolitan markets. Its 21 buildings contain 108 total units with an average size of 13,357 square feet.
The properties feature highly desirable attributes, including clear heights of 14 to 30 feet, ample parking, and a total of 268 dock-high and 117 grade-level doors. The portfolio is strategically located in high-barrier-to-entry submarkets with tight vacancy rates ranging from 2.2% to 4.7%, well below the national average.
With industrial demand in Phoenix further bolstered by the influx of advanced manufacturing and semiconductor-related businesses, BKM anticipates additional tailwinds for rental growth across its newly acquired assets.
